Sam & Martha Mckelvie Foundation T U W 58041420
- Assets
- $1.6m
- Revenue
- $111.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1977
- Data as of
- 12/2022
- EIN
- 51-0246157
Organization Overview
Sam & Martha Mckelvie Foundation T U W 58041420 is located in Milwaukee, WI. The organization was established in 1977. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sam & Martha Mckelvie Foundation T U W 58041420 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sam & Martha Mckelvie Foundation T U W 58041420 generated $111.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $137.6k during the year ending 12/2022. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sam & Martha Mckelvie Foundation T U W 58041420 has awarded 32 individual grants totaling $782,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,653 |
| Capital Gain Net Income | $59,653 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45 |
| Total Revenue | $111,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,871 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,952 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,323 |
| Contributions, gifts, grants paid | $105,250 |
| Total expenses and disbursements | $137,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,900 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,575,352 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,902 |
| Total assets | $1,598,154 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sam & Martha Mckelvie Foundation T U W 58041420 has awarded $105,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SAN DIEGO PURPOSE: SCHOLARSHIPS | $3,000 |
UNIVERSITY OF NEBRASKA LINCOLN PURPOSE: SCHOLARSHIPS | $98,250 |
TEXAS A&M UNIVERSITY PURPOSE: SCHOLARSHIPS | $4,000 |